Experienced Mortgage Brokers in Denver, Colorado

Naranche is a mortgage banker serving the Denver, Colorado region with over 28 years of experience helping consumers secure the finances needed to make home purchases or improvements. With straightforward advice and competitive rates, the financial experts at Naranche specialize in jumbo, conventional, FHA, CHFA and VA loans as well as first time buyer mortgages and reverse mortgage options with all kinds of terms.

What is a mortgage?

In the simplest of terms, a mortgage is a loan given to a consumer by a financial institution for the purpose of buying or remodeling a home or property. Once the Denver mortgage is procured, the buyer is responsible for repaying the loan over time, plus any interest and fees. There are many different types of home mortgages available, from short-term fixed rate low interest loans to those that carry variable interest and longer repayment terms. There are also some mortgage loans that are offered by government programs to help buyers when selecting their first home or repairing their home to make it more energy efficient. A Denver mortgage broker can assist consumers with selecting the best mortgage program.

Things to consider before getting a mortgage:

Being knowledgeable or getting help from a qualified Denver mortgage company can be helpful before signing up for any mortgage program. Here are some things to consider before getting a mortgage in Denver.

• Credit Rating. The interest rate and the ability to get a mortgage are determined on your overall credit rating. Checking this ahead of time and determining if you have good or great credit ahead of time can save you time and money. The higher your credit score, the easier it will be to get an affordable mortgage with lower monthly payments.
• Income and Expenses. Before deciding on which mortgage to accept, it’s vitally important to have an adequate monthly income to cover this expense. If you are expecting a lapse or a decrease in pay or an upcoming added expense (such as the birth of a child or a job change) it may not be a good time to take a mortgage.
• Assets and Savings. When determining what mortgage loan to go with, consumers often forget to list the tangible assets they may have, such as property, savings or other lump sums that can be used as collateral. Having at least 5-10% of the mortgage in available savings may help in getting a better rate or lower interest.

Why choose Naranche mortgage bankers?

Since 1981, Naranche has been the go-to source for competitive Denver home loans and creative financing solutions. After building successful companies for Lomas & Nettleton, Shearson/American Express, and Prudential, the mortgage professionals at Naranche decided to focus more energy working with friends, fans, and referrals to help them find the most affordable mortgages available in Denver. Naranche is a licensed mortgage broker and a member of the Colorado Division of Real Estate.